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Sheridan Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $58000 Variable selling and administrative costs $42000 Fixed manufacturing costs

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Sheridan Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $58000 Variable selling and administrative costs $42000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1900000 ROI 30% Planned production and sales 5000 pairs What is the markup percentage? 570% 204% 150% 261%

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